President Biden used the first veto of his administration on Monday, blocking a bill that would stop the Labor Department from considering ESG factors in its investing. See potential bias and similarities in coverage from Reuters, axios, and FoxNews:
, “this bill would risk your retirement savings by making it illegal to consider risk factors MAGA House Republicans don't like. Your plan manager should be able to protect your hard-earned savings — whether Rep. Marjorie Taylor Greene likes it or not.”The vetoed bill made it through the Senate after Sen. Joe Manchin and Sen. Jon Tester joined Republicans in supporting the legislation.
Manchin voiced his displeasure with the President after the veto was announced, stating, “this Administration continues to prioritize their radical policy agenda over the economic, energy and national security needs of our country, and it is absolutely infuriating.” Having been vetoed, the bill is now sent back to congress, where it needs two-thirds approval in both the House and the Senate to overcome Biden’s veto.
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